An HKTDC survey carried out in the first quarter of 2015 found that 64% of responding Hong Kong companies experienced a rise in labour costs on the mainland compared to the previous quarter. Of those respondents who experienced higher labour costs, 18.8% said the increase was more than 10%, while 59.4% said the increase ranged between 5% and 10%.
The baby and children's apparel market in China is expected to have a promising future as parents become more demanding about their children's clothing and as the number of newborn babies steadily increases. HKTDC Research organised focus group discussions in four mainland cities in January 2015 in a bid to find out more about the spending habits and demands of middle-class parents.
Jiangsu of the YRD region is among the provinces most affected by the aging demographic in China. Its middle and upper classes have a strong demand for wellness, medical and health-care services. Now, Hong Kong investors are allowed to establish wholly-owned hospitals and Chinese medicine clinics in some mainland cities. Hence, they can tap the Jiangsu market with their experience in providing health-care services.
During this year’s seven-day Spring Festival holiday, Shenzhen received a total of 5.85 million tourists, a 4% increase over the same period last year. Total tourism receipts reached Rmb7.3 billion during the period, up 6% year-on-year. Overall, visitors each spent an average of Rmb1,390 in the city, proving a substantial boost to the local retail market.